Tsitsikamma Community Trust #46039

Created at

2024-09-10

Last update

2024-09-13

0 Parents (Involvements as child)

1 Children (Involvements as parent)

45853

Name

Cennergi Holdings The Tsitsikamma Community Wind Farm

Country of registration/origin

South Africa

Relationship

Subsidiary company

Parent relation

Joint venture of parent companies

Investment type

Shares/Equity

Ownership share

9.00 %

Comment

The Tsitsikamma Community Trust holds a 9% stake in the Tsitsikamma Community Wind Farm. As a BEE partner, the Trust represents the interests of the local community, ensuring that they benefit from the economic gains of the wind farm. This includes receiving a share of the profits, which are reinvested in community development projects such as education, infrastructure, and job creation. The Trust's involvement is a critical part of the project's compliance with the Black Economic Empowerment (BEE) framework, which promotes inclusive economic participation for historically disadvantaged communities.